I just read an interesting report on the We Are Social blog about recent research from Insites Consulting which found "a positive correlation between the extent of social media integration and the company’s financial results." The summary is in the form of an infographic (complete with at least one spelling error - the bane of infographics, alas) which I enjoy reading, but always end up with more questions than answers.
Apparently, the pharmaceutical and financial sectors are the least adoptive of social media at the moment. No surprises there really. That indicates to me that where issues of control, regulation and compliance are at the heart of a corporate culture, there will naturally be resistance to 'social'.
The report focuses on business deliverables and suggests that the way to start becoming more social is via pilot projects, one of which is 'build a community of fans', which sounds to me more like a big goal rather than a pilot project. Especially as one of the biggest difficulties when told to get busy on social networks and 'build a community of fans' is that most people don't have a clue what that involves. What should they talk about? How do they find their fans? What will turn people into fans?
And the hardest one of all for companies focused on the results they want to see from social media: what should they be giving rather than getting from their social involvement? I wonder if sometimes the question isn't really asked.



